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Gold futures retreat from two and half month high in early deals on Monday

06 Sep 2021 Evaluate
Gold futures retreat from two and half month high in early deals on Monday, due to profit booking at prevailing levels. The yellow metal had peaked on Friday, followed by the subdued US jobs report dulling prospects for a quicker stimulus tapering by Fed Reserve. Bullion for the most active contract had posted fourth straight weekly gain, with 0.8% rise for the week.

Gold futures for December eased by 0.3% to $1,828.60 an ounce on the Comex division of the New York Mercantile. Spot gold was steady at $1,826.65 per ounce.